Meituan Unsponsored ADR (OTCMKTS:MPNGY) Short Interest Down 34.4% in April

Meituan Unsponsored ADR (OTCMKTS:MPNGY) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 304,252 shares, a decline of 34.4% from the April 15th total of 463,629 shares. Based on an average trading volume of 286,065 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s shares are short sold.

Meituan Trading Up 1.1%

MPNGY stock traded up $0.23 during mid-day trading on Tuesday, reaching $21.00. 51,891 shares of the stock traded hands, compared to its average volume of 320,122. The company has a quick ratio of 1.68, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. Meituan has a one year low of $18.56 and a one year high of $37.88. The company has a 50-day simple moving average of $21.12.

Meituan Company Profile

Meituan is a Chinese technology company that operates one of the country’s largest consumer-focused online service platforms. The company connects users with a wide range of local services, including food delivery, restaurant reservations, hotel bookings, travel services, and other on-demand lifestyle offerings through its digital ecosystem.

Founded in 2010, Meituan has grown from a group-buying platform into a broad internet services provider serving consumers, merchants, and delivery partners across China.